ha ha ha bill said that back in mid december... he lost quite a bit since then so far. .. bill gross mis-called quite alot of his calls. if he says do it then do it but i wouldnt and i bet he is sorry he did. the 2% plunge in the last 2-1/2 weeks and the almost 7% drop in the last 90 days from most muni indexes and funds may be just the beginning.. meridith whitney, who predicted the banking crises is a sooth sayer like bill gross and just the other day said putting a rise in interest rates a side the muni market may see as much as 100 billion in defaults this year.
http://www.bloomberg.com/news/2011-0...-defaults.html
by the way, did you know vanguard themselves pulled their request last week to start 3 new muni index funds because of deterioration in the muni markets . almost 23 billion was pulled out of muni funds in just the last 9 weeks.
http://www.bloomberg.com/news/2011-0...latility-.html
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